Another volatile trading session as the Dow started the day up well over 200 points only to give most of it back and finish with a gain of only 33 points on average volume.  The advance/declines were positive.  The summation index is heading lower.  The price action today isn't a positive.  So now this Sunday is the next last chance for Greece to stay in the euro.  But that could change as it has already in the past and the effect is that markets are still being held hostage.  I almost want to say that you can throw the technicals out the window in this type of game.  The short term indicators have rolled back to oversold and staying there.  It appears the path of least resistance is lower.  GE added 1/8 on average volume.  We were much higher early here as well.  My GE July calls are still losers.  Gold didn't do much today as the US dollar was higher.  The XAU and GDX were mixed with slight fractional moves.  Volume was light.  Oversold and staying that way as well here.  This condition is what I'm afraid might plague the major stock indices for some time.  I'm still on the hunt for the October gold share calls.  Mentally I'm feeling OK.  Tomorrow should be lower for the stock indexes ahead of the Sunday headline about the Greek drama.  This is getting to be like a broken record.  Eventually this will be out of the way but we aren't there yet.  Remain cautious and once again the sidelines aren't necessarily a bad place to be.  I'm still holding the GE July calls but I am certainly not confident that this trade will work itself out.  Getting close and going through the zero line on the summation index has once again proven to be a traumatic event.  We aren't finished yet.  Rallies are not holding and we continue to lower levels.  The market will be a buy at some point but we haven't found that area yet.  It is still a headline driven environment.  Silver has made a 2 day comeback after breaking down from the consolidation zone.  It's something to keep an eye on.  SSEC had a nice gain yesterday but we will have to see if it was just a one day wonder.  ABX looks like it's heading to $10 and I've got my eye on the October calls there.  There is plenty to pay attention to this summer.  No doldrums in July, that is for sure.  So we'll see what comes out of the foreign arena tonight and close out a crazy market week tomorrow.